Vornado Realty Trust
Vornado is a fully integrated REIT and conducts its business through, and substantially all of its interests in properties are held by, the Operating Partnership, a Delaware limited partnership. Accordingly, Vornado s cash flow and ability to pay dividends to its shareholders are dependent upon the cash flow of the Operating Partnership and the ability of its direct and indirect subsidiaries to…
$32.89
-$0.22 (-0.66%)
Price from 2 days ago
Revenue growth slowed to 1.3%, essentially flat. This is a business that needs a catalyst.
At 1096x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
1096.3x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.83B
▲ +1.3% YoY
Net Income (TTM)
$68M
▲ +1185.7% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
-$55M
▲ +78.8% YoY
Op. Cash Flow (TTM)
$391M
▲ +134.0% YoY
Net Debt
$2.62B
Cash & Equiv.
$675M
5Y CAGR: +3.6%
5Y CAGR: +17.8%
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SourceComputed from the 10-Q filed 30 Jun 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 28 Sept 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Vornado Realty Trust (VNO) overvalued?
At a P/E of 1,096.3, Vornado Realty Trust (VNO)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Vornado Realty Trust scores 51/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.3%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Vornado Realty Trust a high-quality business?+
Vornado Realty Trust scores 51 out of 100 on Intrinsiqq's quality score, a weighted blend of 5 metrics each scored 0 to 100, which makes it a mixed business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Vornado Realty Trust (VNO) pay a dividend, and how much?+
Yes, Vornado Realty Trust pays a regular dividend of about $0.73 per share per year (typically in quarterly installments), a yield of roughly 2.3% at the current price. That is a payout ratio of about 208.1% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For VNO's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Vornado Realty Trust a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh VNO's valuation and scores 51/100 on quality (mixed). It also yields about 2.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Real Estate Investment Trusts
Spot a number that looks wrong? Check it in VNO's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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